CHINA RESOURCES MIXC LIFESTYLE SERVICES LIMITED

Income Statement China Resources Mixc Lifestyle Services Limited

Equities

1209

KYG2122G1064

Real Estate Services

Market Closed - Hong Kong S.E. Other stock markets 03:08:19 2025-01-24 am EST			5-day change	1st Jan Change
28.50 ^HKD	+0.71%		-1.72%	-1.38%

Dec. 12	China Resources Beer to Get Property Management Services from Affiliate	MT
Dec. 12	China Resources Beer Company Limited Enters into the Property Management and Commercial Operation Services Framework Agreement with CR Mixc	CI

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Published financial data: CHINA RESOURCES MIXC LIFESTYLE SERVICES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.87B	6.78B	8.88B	12.02B	14.77B
Total Revenues	5.87B	6.78B	8.88B	12.02B	14.77B
Cost of Goods Sold, Total	4.93B	4.95B	6.12B	8.41B	10.07B
Gross Profit	942M	1.83B	2.76B	3.61B	4.69B
Selling General & Admin Expenses, Total	504M	797M	877M	1.2B	1.23B
Other Operating Expenses	2.87M	-	20.8M	-	-
Other Operating Expenses, Total	506M	797M	898M	1.2B	1.23B
Operating Income	436M	1.03B	1.86B	2.41B	3.46B
Interest Expense, Total	-64.24M	-72.13M	-75.64M	-87.22M	-117M
Interest And Investment Income	8.12M	15.08M	376M	425M	395M
Net Interest Expenses	-56.12M	-57.04M	301M	337M	278M
Income (Loss) On Equity Invest.	-	-120K	-1.9M	1.22M	2.65M
Currency Exchange Gains (Loss)	-	48M	16.66M	-	-
Other Non Operating Income (Expenses)	58.75M	83.65M	90.09M	117M	129M
EBT, Excl. Unusual Items	439M	1.1B	2.27B	2.86B	3.87B
Gain (Loss) On Sale Of Investments	-	1.09M	28.06M	-	-
Gain (Loss) On Sale Of Assets	10.28M	28.02M	12.32M	452K	3.56M
Asset Writedown	47.69M	1.7M	30M	43.26M	39.35M
EBT, Incl. Unusual Items	497M	1.13B	2.34B	2.91B	3.91B
Income Tax Expense	132M	317M	610M	693M	969M
Earnings From Continuing Operations	365M	818M	1.73B	2.21B	2.94B
Net Income to Company	365M	818M	1.73B	2.21B	2.94B
Minority Interest	-	-	-1.14M	-7.12M	-13.89M
Net Income - (IS)	365M	818M	1.72B	2.21B	2.93B
Net Income to Common Incl Extra Items	365M	818M	1.72B	2.21B	2.93B
Net Income to Common Excl. Extra Items	365M	818M	1.72B	2.21B	2.93B
Per Share Items
Net EPS - Basic	0.22	0.48	0.76	0.97	1.28
Basic EPS - Continuing Operations	0.22	0.48	0.76	0.97	1.28
Basic Weighted Average Shares Outstanding	1.65B	1.69B	2.28B	2.28B	2.28B
Net EPS - Diluted	0.22	0.48	0.76	0.97	1.28
Diluted EPS - Continuing Operations	0.22	0.48	0.76	0.97	1.28
Diluted Weighted Average Shares Outstanding	1.65B	1.69B	2.28B	2.28B	2.28B
Normalized Basic EPS	0.17	0.41	0.62	0.78	1.05
Normalized Diluted EPS	0.17	0.41	0.62	0.78	1.05
Dividend Per Share	-	0.13	0.28	0.44	0.7
Payout Ratio	-	81.64	17.4	43.64	71.36
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	478M	1.08B	1.93B	2.57B	3.66B
EBITA	437M	1.03B	1.86B	2.48B	3.56B
EBIT	436M	1.03B	1.86B	2.41B	3.46B
EBITDAR	264M	876M	1.65B	2.3B	3.7B
Effective Tax Rate - (Ratio)	26.5	27.95	26.13	23.84	24.78
Current Domestic Taxes	99.23M	331M	522M	624M	835M
Total Current Taxes	99.23M	331M	522M	624M	835M
Deferred Domestic Taxes	31.03M	-16.65M	76.82M	51.15M	132M
Total Deferred Taxes	31.03M	-16.65M	76.82M	51.15M	132M
Normalized Net Income	274M	690M	1.42B	1.78B	2.4B
Interest on Long-Term Debt	63.58M	66.71M	66.43M	82.45M	117M
Supplemental Operating Expense Items
Advertising Expense	55.71M	-	-	-	-
Marketing Expenses	15.61M	50.29M	58.1M	151M	285M
Selling and Marketing Expenses	71.32M	50.29M	58.1M	151M	285M
General and Administrative Expenses	432M	747M	819M	1.05B	950M
Net Rental Expense, Total	-214M	-205M	-277M	-265M	44.52M
Imputed Operating Lease Interest Expense	-79.5M	-73.65M	-82.56M	-81.13M	17.32M
Imputed Operating Lease Depreciation	-135M	-131M	-195M	-184M	27.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	605M	10.31B	13.7B	12.59B	11.58B
Short Term Investments	12.89M	17.39M	26.87M	48.33M	4.13B
Trading Asset Securities, Total	-	3.85B	-	-	-
Total Cash And Short Term Investments	618M	14.18B	13.73B	12.64B	15.71B
Accounts Receivable, Total	589M	822M	1.04B	1.56B	2B
Other Receivables	2.49B	653M	725M	1.15B	1.25B
Total Receivables	3.08B	1.47B	1.77B	2.7B	3.24B
Inventory	106M	196M	138M	148M	203M
Prepaid Expenses	98.3M	116M	-	-	-
Restricted Cash	724M	367M	229M	130M	66.61M
Other Current Assets, Total	300K	-	171M	216M	300M
Total Current Assets	4.62B	16.33B	16.03B	15.84B	19.52B
Gross Property Plant And Equipment	418M	-	-	-	1.14B
Accumulated Depreciation	-169M	-	-	-	-476M
Net Property Plant And Equipment	249M	374M	626M	672M	664M
Long-term Investments	-	2.33M	2.48B	2.56B	206M
Goodwill	-	-	-	1.8B	1.9B
Other Intangibles, Total	1.56M	2.24M	116M	1.47B	1.57B
Deferred Tax Assets Long-Term	4.94M	45.37M	76.58M	125M	117M
Other Long-Term Assets, Total	2.22B	2.32B	2.27B	3.37B	3.8B
Total Assets	7.1B	19.08B	21.59B	25.84B	27.78B
Liabilities
Accounts Payable, Total	449M	700M	839M	1.34B	1.55B
Accrued Expenses, Total	384M	741M	995M	1.5B	1.52B
Short-term Borrowings	-	522M	801M	-	-
Current Portion of Leases	82.05M	63.04M	80.55M	99.76M	152M
Current Income Taxes Payable	18.59M	97.93M	134M	118M	235M
Unearned Revenue Current, Total	798M	1.01B	1.42B	1.83B	2.17B
Other Current Liabilities	2.91B	1.92B	1.81B	3.15B	2.71B
Total Current Liabilities	4.64B	5.06B	6.08B	8.04B	8.34B
Long-Term Leases	1.22B	1.32B	1.28B	2.3B	2.27B
Unearned Revenue Non Current	7.91M	-	-	-	-
Deferred Tax Liability Non Current	202M	226M	334M	765M	906M
Other Non Current Liabilities	-	12.55M	12.17M	405M	234M
Total Liabilities	6.07B	6.61B	7.7B	11.51B	11.75B
Common Stock, Total	88K	152K	152K	152K	152K
Additional Paid In Capital	-	11.64B	11.64B	11.64B	11.64B
Retained Earnings	1.08B	1.46B	2.89B	3.28B	4.95B
Comprehensive Income and Other	-46.24M	-638M	-638M	-638M	-638M
Total Common Equity	1.03B	12.46B	13.89B	14.28B	15.95B
Minority Interest	-	-	1.14M	46M	87.81M
Total Equity	1.03B	12.46B	13.89B	14.33B	16.04B
Total Liabilities And Equity	7.1B	19.08B	21.59B	25.84B	27.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.65B	2.28B	2.28B	2.28B	2.28B
ECS Total Common Shares Outstanding	1.65B	2.28B	2.28B	2.28B	2.28B
Book Value / Share	0.63	5.46	6.08	6.26	6.99
Tangible Book Value	1.03B	12.46B	13.77B	11B	12.47B
Tangible Book Value Per Share	0.62	5.46	6.03	4.82	5.47
Total Debt	1.3B	1.9B	2.16B	2.4B	2.42B
Net Debt	686M	-12.27B	-11.57B	-10.24B	-13.29B
Debt Equivalent Oper. Leases	-1.71B	-1.64B	-2.22B	-2.12B	356M
Minority Interest, Total (Incl. Fin. Div)	-	-	1.14M	46M	87.81M
Equity Method Investments, Total	-	2.33M	435K	1.65M	4.3M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	71.29M	161M	118M	131M	184M
Inventories - Others	34.47M	35.24M	19.96M	17.26M	19.03M
Buildings, Total	63.21M	-	-	-	354M
Machinery, Total	253M	-	-	-	562M
Full Time Employees	-	27.08K	28.65K	40.24K	40.98K
Accumulated Allowance for Doubtful Accounts (Supple)	5.16M	3.8M	8.94M	15.83M	82.49M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	365M	818M	1.72B	2.21B	2.93B
Depreciation & Amortization - CF	51.7M	81.43M	119M	149M	161M
Amortization of Goodwill and Intangible Assets - (CF)	1.05M	1.56M	-	68.2M	95.7M
Depreciation & Amortization, Total	52.76M	82.99M	119M	217M	257M
Amortization of Deferred Charges, Total - (CF)	-	-	2.76M	17.63M	17.73M
(Gain) Loss From Sale Of Asset	-10.13M	-28.02M	-12.32M	-452K	-3.56M
(Gain) Loss on Sale of Investments - (CF)	-	-1.09M	-28.06M	-	-
Asset Writedown & Restructuring Costs	-47.69M	-1.7M	-30M	-43.26M	-39.35M
(Income) Loss On Equity Investments - (CF)	-	120K	1.9M	-1.22M	-2.65M
Provision and Write-off of Bad Debts	-3K	-1.36M	6.15M	6.9M	32.16M
Other Operating Activities, Total	105M	63.85M	-201M	-275M	-28.93M
Change In Accounts Receivable	-167M	-232M	-227M	-667M	-389M
Change In Inventories	203K	-90.37M	55.08M	-8.11M	-54.56M
Change In Accounts Payable	65.65M	250M	139M	151M	59.3M
Change in Unearned Revenues	95.14M	209M	410M	-87.33M	301M
Change in Other Net Operating Assets	-4.28M	33.48M	329M	375M	-36.67M
Cash from Operations	455M	1.1B	2.29B	1.89B	3.04B
Capital Expenditure	-75.96M	-207M	-254M	-114M	-432M
Sale of Property, Plant, and Equipment	17.86M	36.17M	12.7M	11.46M	10.38M
Cash Acquisitions	-	-	-	-1.26B	2.2M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-1.16M	-2.24M	-116M	-6.84M	-150M
Investment in Marketable and Equity Securities, Total	-	-3.85B	1.48B	-	-1.6B
Other Investing Activities, Total	-1.03B	2.09B	302M	309M	342M
Cash from Investing	-1.08B	-1.93B	1.42B	-1.06B	-1.83B
Short Term Debt Issued, Total	562M	2.58B	838M	308M	-
Total Debt Issued	562M	2.58B	838M	308M	-
Short Term Debt Repaid, Total	-371M	-2.47B	-516M	-1.15B	-
Long-Term Debt Repaid, Total	-19.72M	-95.46M	-125M	-141M	-170M
Total Debt Repaid	-391M	-2.57B	-642M	-1.29B	-170M
Issuance of Common Stock	-	11.86B	-	-	-
Common Dividends Paid	-	-668M	-300M	-963M	-2.09B
Common & Preferred Stock Dividends Paid	-	-668M	-300M	-963M	-2.09B
Other Financing Activities, Total	-72.64M	-657M	-218M	14.55M	31.71M
Cash from Financing	98.5M	10.54B	-322M	-1.94B	-2.23B
Foreign Exchange Rate Adjustments	-	-6.74M	-1.54M	3.37M	565K
Net Change in Cash	-531M	9.71B	3.39B	-1.11B	-1.01B
Supplemental Items
Cash Interest Paid	67.64M	7.15M	9.11M	4.77M	3.23M
Cash Income Tax Paid (Refund)	82.41M	254M	498M	651M	735M
Levered Free Cash Flow	-467M	2.24B	1.44B	3.41B	1.42B
Unlevered Free Cash Flow	-427M	2.28B	1.49B	3.47B	1.49B
Change In Net Working Capital	675M	-1.77B	-576M	-1.85B	366M
Net Debt Issued / Repaid	171M	11.78M	196M	-987M	-170M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.24	4.92	5.72	6.34	8.07
Return on Total Capital	12.2	7.71	7.65	9.18	12.29
Return On Equity %	42.98	12.12	13.1	15.69	19.38
Return on Common Equity	42.98	12.12	13.09	15.66	19.38
Margin Analysis
Gross Profit Margin %	16.06	26.95	31.08	30.05	31.79
SG&A Margin	8.58	11.76	9.88	10.02	8.36
EBITDA Margin %	8.14	15.94	21.74	21.36	24.77
EBITA Margin %	7.45	15.21	20.96	20.6	24.08
EBIT Margin %	7.43	15.19	20.96	20.03	23.43
Income From Continuing Operations Margin %	6.22	12.06	19.45	18.42	19.93
Net Income Margin %	6.22	12.06	19.43	18.36	19.83
Net Avail. For Common Margin %	6.22	12.06	19.43	18.36	19.83
Normalized Net Income Margin	4.67	10.18	15.95	14.83	16.28
Levered Free Cash Flow Margin	-7.96	33.02	16.25	28.4	9.59
Unlevered Free Cash Flow Margin	-7.27	33.68	16.78	28.86	10.09
Asset Turnover
Asset Turnover	0.91	0.52	0.44	0.51	0.55
Fixed Assets Turnover	26.02	21.74	17.74	18.51	22.11
Receivables Turnover (Average Receivables)	11.6	9.61	9.52	9.24	8.31
Inventory Turnover (Average Inventory)	46.53	32.81	36.61	58.78	57.44
Short Term Liquidity
Current Ratio	1	3.23	2.64	1.97	2.34
Quick Ratio	0.8	3.1	2.55	1.91	2.27
Operating Cash Flow to Current Liabilities	0.1	0.22	0.38	0.24	0.36
Days Sales Outstanding (Average Receivables)	31.47	38.1	38.35	39.5	43.92
Days Outstanding Inventory (Average Inventory)	7.84	11.16	9.97	6.21	6.35
Average Days Payable Outstanding	30.82	41.71	46.37	47.24	52
Cash Conversion Cycle (Average Days)	8.49	7.55	1.94	-1.54	-1.73
Long Term Solvency
Total Debt/Equity	126.46	15.28	15.55	16.76	15.09
Total Debt / Total Capital	55.84	13.25	13.46	14.36	13.11
LT Debt/Equity	118.51	10.59	9.2	16.07	14.14
Long-Term Debt / Total Capital	52.33	9.18	7.96	13.76	12.29
Total Liabilities / Total Assets	85.47	34.67	35.67	44.56	42.28
EBIT / Interest Expense	6.79	14.27	24.6	27.59	29.52
EBITDA / Interest Expense	7.61	15.43	26.17	30.08	31.71
(EBITDA - Capex) / Interest Expense	6.42	12.56	22.81	28.77	28.03
Total Debt / EBITDA	2.67	1.71	1.09	0.92	0.65
Net Debt / EBITDA	1.4	-11.03	-5.84	-3.9	-3.57
Total Debt / (EBITDA - Capex)	3.16	2.1	1.25	0.96	0.74
Net Debt / (EBITDA - Capex)	1.66	-13.55	-6.7	-4.08	-4.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	32.41	15.52	30.93	35.39	22.89
Gross Profit, 1 Yr. Growth %	41.61	93.89	50.98	30.9	30
EBITDA, 1 Yr. Growth %	55.29	124.86	79.54	31.61	42.49
EBITA, 1 Yr. Growth %	59.3	134.45	81.51	31.55	43.65
EBIT, 1 Yr. Growth %	60.1	134.66	81.51	27.93	43.74
Earnings From Cont. Operations, 1 Yr. Growth %	-13.71	124.07	111.09	28.22	32.96
Net Income, 1 Yr. Growth %	-13.71	124.07	110.95	27.9	32.76
Normalized Net Income, 1 Yr. Growth %	69.31	151.77	105.08	25.91	34.93
Diluted EPS Before Extra, 1 Yr. Growth %	-	119.2	55.88	27.9	32.76
Accounts Receivable, 1 Yr. Growth %	39.28	39.61	26.8	49.42	28.1
Inventory, 1 Yr. Growth %	-0.19	85.45	-29.64	7.22	37.01
Net Property, Plant and Equip., 1 Yr. Growth %	23.73	50.03	67.41	7.22	-1.14
Total Assets, 1 Yr. Growth %	23.68	168.63	13.19	19.66	7.53
Tangible Book Value, 1 Yr. Growth %	54.84	1.11K	10.52	-20.09	13.35
Common Equity, 1 Yr. Growth %	54.74	1.11K	11.43	2.82	11.68
Cash From Operations, 1 Yr. Growth %	-60.14	142.34	107.62	-17.41	60.84
Capital Expenditures, 1 Yr. Growth %	-4.7	172.02	23.14	-55.11	278.13
Levered Free Cash Flow, 1 Yr. Growth %	-219.4	-581.11	-35.49	134.53	-58.5
Unlevered Free Cash Flow, 1 Yr. Growth %	-198.4	-637.16	-34.69	130.78	-57.04
Dividend Per Share, 1 Yr. Growth %